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Services Exports Continue to Rise in 2006-07

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Media Release

Media Release

Australia's services exports continued to grow strongly in
the financial year to 30 June 2007, rising 10.5 per cent to $46.2
billion, a new report from the Department of Foreign Affairs and
Trade (DFAT) shows.

Services imports increased 8.0 per cent to $44.4 billion over
the year. This gave a positive annual balance of services trade of
$1.9 billion, up from $771 million the previous year.

Travel services continued to dominate Australian services
exports, rising 11.7 per cent to $25.3billion in 2006-07.

Most of the travel services exports consisted of personal travel
services ($22.8 billion).

Educationservices, the travel component of which is
included in personal travel services, grew 16.0 per cent to $11.7
billion, making the sector Australia's third largest

The United States was Australia's single largest export
market ($5.7 billion) and import source ($8.0 billion). The
United Kingdom and China were the next largest export destinations
($4.8 billion and $3.6 billion respectively)

The European Union (EU27) was Australia's largest
regional services market with exports of $8.6 billion and imports
of $9.6 billion.

The information is contained in the publication Trade in
Services, Australia 2006-07,
published twice a year, on a
calendar and financial year basis.

In addition to the detailed official statistics on
Australia's trade in services collected by the Australian
Bureau of Statistics, the publication presents information on
international student enrolments, numbers of short-term visitor
arrivals and departures, tourism expenditure and tourism purpose of
journey information.

The main features and analysis from the publication are
available on the department's website at /publications/statistics.html.
Orders for the publication can also be placed at this website.

DFAT also offers a customised consultancy service, producing
reports tailored to specific requirements. For further
information please contact (02) 6261 3114, or fax (02) 6261 3321 or

Last Updated: 14 January 2013
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